May 6, 2019

Airborne LiDAR Market Strategies & Statistics

Airborne LiDAR Market Size and Growth Rate:

The Airborne LiDAR Market is projected to grow at a CAGR of 17.32% from 2017 to 2022, to reach a market size of USD 2,533.7 Million by 2022 from an estimated USD 1,140.1 Million in 2017.

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This growth is attributed to the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications.

Airborne LiDAR Market Overview:

Airborne LiDAR is a laser system mounted by aircrafts mainly designed to measure the 3D coordinates of the earth's surface. This is an effective technique for obtaining surface data with high precision. These systems provide a fast compilation of 3D data of long linear objects, such as roads, railways, waterways, coastal areas and power lines. They have a smaller range than optical sensors and are more effective in capturing information.

Airborne LiDAR Market Growth Drivers and Restraints:

The main driver of the world Airborne LiDAR market is the growing demand for these tools in various industries. Airborne LiDAR systems are widely used for cellular network planning, forest management and planning, pollution modeling, flood modeling, urban / urban modeling. The market also underwent significant growth in infrastructure projects. All these factors are expected to boost the growth of the global market during the forecast period. However, the liquid that weighs in the air has no effect during the clouds or heavy rains.

In addition, very large databases are difficult to interpret by Airborne LiDAR. It is likely that all of these factors make the growth of the global market difficult. Government agencies invest largely in LiDAR industrial aircraft systems around the world to increase operational accuracy and reduce associated risk factors in defense and civil engineering applications. The sales opportunities are expected to increase due to the use of these in all the projects and the diversity of government investments in various industries.

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Geographical Insights of Airborne LiDAR Market:

Geographically, the world market for Airborne LiDAR can be classified as North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In all regions, North America is expected to dominate the global Market, which has the largest market share in 2018. This is mainly due to the increase in the use of unmanned aerial vehicles in countries of North America. It is also expected that the Asia-Pacific region will show significant growth in the future. This is mainly explained by the increased demand for surveys and mapping services, rapid infrastructure development and the entire region.

Airborne LiDAR Market Competitive Landscape:

Leading players in the airborne LiDAR market include Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others. Contracts & agreements was the strategy most commonly adopted by the top players, constituting more than one third of the total developments from 2014 to 2017. It was followed by new product developments, expansions, and mergers & acquisitions.

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